Mike Zhang, founder of AirSoftMegastore.com, dropped out of business school at Berkeley at the age of 21 in 2008. 2 years later, Zhang built AirSoft to over $10MM in revenues. It is easy to say in retrospect that Zhang, Gates, Jobs, and a legion of other successful entrepreneurs dropped out of school to focus on [...]
Big data will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus—as long as the right policies and enablers are in place, according to Big data: The next frontier for innovation, competition, and productivity. In our analysis of five domains—health care in the United States, the public sector in [...]
In An economy that works: Job creation and America’s future, MGI’s analysis suggests that the US economy will need to create 21 million jobs by 2020 to return to full employment—finding work for the currently unemployed and accommodating new entrants into the labor force this decade. To understand how this might happen, MGI launched a research [...]
By McKinsey Global Institute Latin America is the most urbanized developing region, with 198 cities together contributing over 60 percentof regional GDP today. Yet Latin America’s largest cities are under considerable strain. If their performance doesn’t improve, they risk dragging down the region’s overall growth trajectory. To sustain growth, urban Latin America [...]
Over 3 years ago, the Entrepreneurs Society engaged Lawton Ursrey about his entrepreneurial passions. The eSociety focuses on bringing together brilliant, experienced, and compelling entrepreneurs with a scalable and unique business model with a seasoned entrepreneur as a coach. Lawton fit the first, but was in the exploration phase with the second component. Initially he [...]
Ray Kurzweil, the futurist, who is sometimes thought as a crazy has blog called KurzweilAI.net. The blog is built by several contributors who aggregate information about futuristic ideas and technologies that are converging towards his definition of the Singularity. Entrepreneurs can predict the future by building it. There is a gene we have in seeing [...]
AMD peaked at $40.87 now $5.46. HP peaked at $66.28, now $25.91. RIMM peaked at $148.27, now $19.18, less than the value of their hard assets. Learning about these and other ventures that have gone through the roof and have plummeted is not to say that technology is not a fantastic industry to be in, [...]
1999 – Pirates of Silicon Valley. I watched it over and over again. It is the story of the early days of Apple and Microsoft, of Steve Jobs & Steve Wozniak and Bill Gates & Paul Allen. As a young kid, I had found my inspiration in their story to believe that anything is possible. [...]
Sal Khan, the founder of Khan Academy which is a free site of simple videos covering hundreds of educational topics, has plugged into Kno, an e-platform for textbooks. Kno has created an algorithm that links related videos to textbook materials to give quick explanations of complicated ideas. Although we know that the U.S. public school [...]
We love things that are innovative, different, ambitious and wildly successful. Joshua Kushner, embodies these words. As an entrepreneur, he co-founded Vostu the largest social gaming company in Brazil. He’s taken this drive and applied in an unlikely New York City, to build a new type of venture fund. Thrive Capital, which initially raised $10MM [...]
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